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PBS
Dec 4, 2012 6:00pm PST
if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republican plan. it
MSNBC
Dec 5, 2012 2:30am PST
proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i think it's likely because the most ductions in states happen to be the higher blue states. in other words, the gop wants the states that largely reelecte
CNN
Nov 29, 2012 11:00pm PST
today. let's go "outfront." we have breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approving additional spending on medicare to pay doctors. the amt patch protecting middle income americans. $50 billion in stimulus next year and in return, the administration would offer $400 billion in additional medicare and other entitlement savings next year to be spelled out as they negotiate. there would also be an agreed mechanism for allowing a vote on
PBS
Nov 29, 2012 6:00pm PST
there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abbas prefers symbolism over reality, as long as he prefers to
MSNBC
Nov 30, 2012 6:00am PST
to a f fiscal cliff deal. what's the latest and is this posturing, kelly, or is this real? i mean, is this disagreement about kind of laying out the stakes of where everybody stands and what they're willing to give or is it a possibility that we don't get a deal? >> reporter: well, you do hear rumblings, chris, about no deal. but at the same time people are saying there's still some negotiating time left and a bit of optimism. when you heard the tone of what was unfolding yesterday, it was kind of shocking to republicans who would say that the president's offer is so far from a negotiating point that they are surprised not so much that these are the positions that we're in because much has been the president's public rhetoric but in terms of real negotiating they say they were surprised this wasn't the kind of offer that would have happened some weeks ago, meaning right after the election if you want to start there. but now with just four weeks to go they felt the president needed to move further. democrats believe these are the priorities that voters reinforced with their ballots
FOX Business
Nov 29, 2012 5:00pm EST
. the mortgage interest deduction could be on the chopping block as part of a fiscal cliff deal. will this kill any incentive to buy a home and the housing market right along with it? we'll take a look. >>> a new report that exxonmobil has a oil shortage going on. its oil and gas output is at a 3-year low. we'll tell you why and whether you need to worry about more industry giants suffering the same fate. >>> put your money where your mouth is. a rapper offers a mill dollar reward for the lost laptop. when it is found he refuses to pay up. the financial fight goes to court. you won't believe who the jury has singing the blues. even when they say it's not it is always about money liz: all right. first let's take a look at the day's market headlines, will they or won't they? this is worse than an episode of "friends" i have to tell you. mixed signals from congressional leaders sent stocks whipsawing but all the major indices rose at the end of the day. the dow closed 36 points. it is something, come on. >>> research in motion hearing words they're not used to, buy. goldman sachs upgraded company
MSNBC
Dec 6, 2012 7:00am PST
're offering up an $800 billion tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in animosity before the 31st and they go off the cliff because they have antagonized each other so much. >> and speaking of antagonistic situations, there's been a lot made of the dysfunction within the republican party but there's an article on the front page of the "new york times" that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a
FOX Business
Dec 4, 2012 1:00pm EST
the fiscal cliff. the president says no deal without raising taxes on the rich. melissa: the nations largest seaport complex at a near standstill for the eighth straight day. drake christopher is going to join us with how this could impact your holiday season. lori: i was just kidding, actually. bacon is kosher. i do not eat kosher. melissa: speaking of kosher -- lori: rubbing elbows with the royals. our next ambassador -- you are speechless. melissa: i do not know about that one. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: right now, we are seeing the dow jones industrial average down just 12 points. so far, we are having a losing week on wall street. let's see what happens at the end of the day. these moves are really fractional. the s&p down a third of a percent. december, traditionally, is the best month for the s&p 500 since 1950. we will see whether or not that seems to come to correlation. i want to take a look at some of the auto retailers. it turns out they are not doing so well with their sales. pat boys, in particular, revenue missing f
FOX News
Dec 5, 2012 8:00am PST
a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the mi
CNN
Dec 1, 2012 3:00am PST
'll turn their back on the pledge if it gets a deal done on the fiscal cliff. >> i think a lot of people made the pledge 20 years ago, 50 years ago and i think they realize we're in a very critical time for our country and this issue has to be dealt with. revenues needs to be a part of the component and entitlement reform, true entitlement reform has to be there also in order for us to put this in the rear view mirror. >> that's a big change. so what would the former republican party flag bearer say. >> change can't be measured in speeches. it's measured in results. >> that was mitt romney attacking president obama, but it works for his own party, too. now, let's move on to immigration. romney's deportation stands didn't sit well with a growing number of hispanic voters and now two retiring reporters are pushing their own version of the dream act. it gives children the path to citizenship. >> we're introducing this legislation, which is not dissimilar from what the president has done de facto as a way of righting the situation, but doing it the right way. namely, to change the law. >> ch
CNN
Dec 6, 2012 4:00am PST
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
CNBC
Dec 4, 2012 4:00pm EST
from that fiscal cliff. did anything happen today to bring us closer to a deal? let's get the facts. eamon javers on capitol hill now with the story. >> reporter: hi, the story up here on capitol hill, speaker of the house john boehner facing a bit of a brush fire on the right here. senator jim de mint calling the proposal an $800 billion tax hike earlier today. saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on the hill. talking with those republican members today, it seems like the speaker still has the upper hand. that's going to narrow some of the running room that the speaker has going forward. very, very dicey situation for speaker boehne
CNN
Nov 29, 2012 4:00am PST
of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is no indication protesters are targeting the u.s. em wibassy b it was closed as a precaution. these are protes
FOX Business
Nov 29, 2012 12:00am EST
cliff but a deal may finally be in reach and senator john barrasso joins us with an update. that is coming up next. >>> plus a sixth straight day of protests against egypan president rsi. we'll tell you how his most powerful opponents are no planning to rein him in. more "money" coming up. ♪ you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackng ] [ knuckles cracking ] and who are you supposed to be, back-up? ndle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the colde. don't you do it. don't you do it! [ male announcer ] ost brewed coors light. the world's most refreshing beer! ♪ . melissa: and now, to the fiscal cliff. things seem to take a 180 as news out of the white house indicated progress, made. earlier senator orrin hatch said both sides were about dal billion away from a deal. that sounds like a lot. in washington that is nothing, going over the cliff. we were looking more than 600 dal billion in tax increases and spending cuts. wal
ABC
Dec 5, 2012 1:40am PST
the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlie
CNN
Dec 6, 2012 2:00am PST
in the fight over the fiscal cliff. a deal has to be hammered out in 26 days or all of us will be dealing with heavy-handed tax hikes and sweeping cuts. the two sides are keeping details of the discussion yesterday under wraps. thil standing their ground on tax hikes for the top 2%. >> the revenues we're putting on the table are going to come from, guess who, the rich. >> once republicans acknowledge that rates are going up for top earners, we believe that an agreement is very achievable. >> kate baldwin is live from washington, d.c. really nice to see you, kate. i know i went into this saying that we're light on details. i'm wondering if you know anything else, are we closer to an agreement. >> i think we're a long way from a deal. although it's one issue they're fighting about. politically they are still very far apart. the two men as you mentioned, the president and speaker boehner did speak for the first time yesterday, the first time in a week which i guess at this point in and of itself is significant because there isn't much talking going on outside of that. but neither side is off
CNN
Dec 1, 2012 7:00am PST
a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases if negotiations break down. and both sides of the aisle are going straight to the public in order to plead their case, or rather tell us why the other side is to blame. this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are offering a disastrous thelma and luiz strategy that would take u
CNN
Dec 5, 2012 1:00pm PST
a chance looking bad by leaving town before making a deal on the fiscal cliff. what's going on? if you take an aspirin to prevent heart trouble check the labor. our own dr. sanjay gupta tells us what a new study says about the effects of coated tablets. we'll also hear what happened during in flight emergency during one of the world's newest high-tech planes. i'm wolf blitzer, you're in the situation room. >>> with just 27 days to go until all of us are hit with tax increases, takes it across the board a cut of $55 billion. people have it in their power to avoid the so-called fiscal cliff aren't negotiating, they're not debating right now, so many of them simply leaving town. but there's more going on than meets the eye. let's bring in our senior congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon
CNN
Nov 29, 2012 8:00am PST
spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has to be included in this level deal at this time? >> i don't think there's -- i don't think it's a productive for either side to lay out hard lines in terms of what the size of the spending cuts ought to be. there's clearly -- there are a lot of options on how you could get there. but the second part of your question was? >> my question is, do you think the promise of spending cuts has to be included in the deal that averts the fiscal cliff? >> listen, there's a framework that we presented to the white house two weeks ago. the framework is -- has been agreed to in terms of really a down payment on the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year, and tax reform next year. but this was way out of balance. and not a recognition on the part of the white house about the serious spending problem that we have. [ inaudible question ] going over the fiscal cli
CBS
Dec 5, 2012 5:30pm PST
will reach a deal to avert the fiscal cliff. if they're right, according to the nonpartisan tax policy center, families such as the watsons with annual income between $64,000 and $108,000 would see a tax increase of about $3,500. >> i think it just will put any future plans that we might have on hold, let's say fixing some electrical in our house. that's an immediate need that we have and we can't do it right now. >> reporter: they blame both the president and congress. >> it's very disappointing to see bipartisanship almost nonexistent. >> i call it the washington bubble. it's where they have no idea how their choices and their fighting and bickering affect the rest of us. >> reporter: there is, they say, a surprising upside to their financial challenges. they can't afford the fees for extracurricular activities, so after school they spend time together. >> we do a lot of things more as a family. we're not as materialistic as we've been in the past. but we're also seeing the blessings from it so we're stronger as family, our kids are closer to us. >> reporter: but with 27 days before the jan
CBS
Dec 5, 2012 6:30pm EST
. negotiations on a budget deal haven't gone very far and there are just 27 days before that so-called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%. >> pelley: by 2%, he means individuals making more than $200000 and couples taking in 250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the ho
FOX Business
Dec 3, 2012 1:00pm EST
to go, anywhere closer to a deal of the fiscal cliff? if you listen to lawmakers, the answer is no, but cumberland advisers thinks a compromise is brewing. >> hundreds of thousands of cars destroyed by hurricane sandy, but as drivers rush to replace them, you may be forced to pay a higher price. >> huh. a car salesmen or congressmen? who do americans trust the least? the new numbers and lou dobbs taking up that up. >> how apple is expanding its empire into the crib. >> my goodness. there's little siri there and little macbook. goinged to floor of the new york stock exchange, and, lauren, economic data, down just a little bit in the red today, down 22 points 37 >> yeah, it is the first trading day of the new month. december, a strong month historically for the stocks, but there's a push and pull going on between market forces and the economic data, and we're in the red across the board, relatively flat this monday morning. the data, u.s. manufacturing activity last month lowest level since the summer of 2009, but then we got a construction spending report that was good. in october,
FOX News
Dec 5, 2012 7:00pm PST
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
MSNBC
Dec 5, 2012 11:00am PST
with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team players. he says, i was surprised but i won't sacrifice my integrity for anyone or any party. my integrity is what will get me
CNN
Dec 4, 2012 1:00pm PST
left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker
FOX News
Dec 2, 2012 9:00am PST
and we're going to go over the fiscal cliff. he doesn't think a deal gets done. where do you put the odds at this point? >> well, you know, it's a great question. i give it about a 40% chance we could pass something of some magnitude. not a grand plan, but some magnitude. keep in mind again, you know, people call it a fiscal cliff. when you go off a cliff you usually die. my view is there are challenges in front of us. we've had them before. this is pretty significant. but we have a plan in place. no one really likes it, but at the end of the day come january, these things start to happen. the deficit gets a reduction because the tax cuts go away, the budget cuts go into play. the question is are we going to have the wherewithal to give some long-term certainty to the market so they don't have this up and down action of congress. after four years in congress i have to tell you it's one of the most disturbing thing i've seen, the lack of foresite of looking two, three, four, five years down the road. everyone plays to the next week. give it about a 40% chance of some element. the big quest
NBC
Dec 6, 2012 6:00am EST
as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet the majority of the s&p is valued at just below what apple lost yesterday. >>> a fairfax county woman will have to remove parts of her negative online review of a home contractor. the ruling was made yesterday. jane perez
FOX Business
Dec 5, 2012 1:00pm EST
: the fiscal cliff is looking more and more like a ticking time bomb. with 28 days left to strike a deal and no sign of a compromise between democrats and republicans, rich edson looking at his watch counting down those days. he is at the white house. rich? >> ashley more of a sign of trouble as the administration finally acknowledge it is will have it do planning just in case of the beginning of these trillion dollars worth of automatic cuts begins in january. the pentagon saying it will start doing short-term planning. before this the pentagon was doing no planning for automatic cuts that begin. the pentagon says it hasn't communicated to defense contractors yet about what to expect. all the folks here say they're just hoping congress and the white house get on the page on some debt deal. what is it comes to the debt deal the president speaking to the business roundtable a couple hours ago saying tax rates must go up on families earning more than $250,000 a year. republicans say they will take $800 billion in more tax revenue from wealthier americans only through closing deductions. th
PBS
Dec 4, 2012 5:30pm PST
of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today nobody gets credit for anything and mediocrity is accepted as a core value in the performance of generals. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station
FOX Business
Dec 6, 2012 7:00pm EST
and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donl
Current
Dec 6, 2012 3:00am PST
sure they disappear the way they should and if necessary go over the fiscal cliff. no deal's better than a bad deal. great to see you today. join the conversation any time at 1-866-55-press. follow us on twitter at bpshow. peter ogborn and dan henning team press in place here this morning. good morning guys. peter's always keeping track of the social media and your comment on twitter. phil backert has the phones and cyprian bowlding has the camera. our videographer keeping us looking good here on current tv. well, we know that breaking news this morning actually came across the wires that kate middleton is filing better. she's over that acute morning sickness. she's left the hospital. and at the same time, a little breaking news, we learned that yesterday a couple of talk show hosts, radio talk show hosts from australia with the worst british accents i have ever heard did a prank call to the hospital where kate was kept for a couple of days. pretending to be the queen and prince charles checking in on kate's
CNBC
Dec 5, 2012 4:00am EST
the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped weaker than expected. the ftse up a quarter a percent. the ibex up around .2. also dragged down by disappointing retail sales. that's where we stand right now ahead of the u.s. open. what are investors to
CNN
Dec 2, 2012 3:00pm PST
to get you up to speed on the day's headlines here on cnn. fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the
PBS
Nov 30, 2012 6:00pm PST
day closer today to automatic tax hikes and spending cuts, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the white house isn't
CNN
Dec 1, 2012 5:00am PST
off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two and a half men." i'm on "two and a half men," and i don't want to be on it. >> he apologized, but still
FOX Business
Dec 4, 2012 11:00am EST
pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue. they have kept the rates down. they have had spending cuts. i think they will find a deal just over a trillion in revenue. dagen: it is a turnaround for the republicans to say that we will raise revenue. how they get to it is very different from anything we have heard from president obama. >> i think that the president and the democrats are dug in. they want to raise the marginal tax rates for the upper earners of america. they are willing to allow a deal to lapse rather than have the tax rate rise. connell: maybe there is not a deal taking shape. they could say something like, we will raise these rates, but instead of $250,000, it has to be $500,000 or $1 million. there are ways to play a round with this. >> i think the republicans would lose, frankly, being the majority in the house. if they go ahead and give the
CNN
Dec 2, 2012 3:00am PST
the fiscal cliff deadline. and while the deal will actually be made in washington, politicians are taking their message on the road and straight to the voters. cnn political editor paul steinhouser has more. >> good morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're
CNN
Dec 6, 2012 1:00pm PST
and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they were quite happy. they said it isn't every day that the president comes by and hangs out at your house. the message the president was trying to drive home today was aimed directly at congress and using this backdrop to tell a personal story. >> for them to be burdene
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